Deals
ExactTarget Soars in Debut After Initial Public Offering
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ExactTarget Inc., the e-mail marketing company that counts Microsoft Corp. and Groupon Inc. as customers, gained 32 percent in its trading debut after pricing its initial public offering above the range.
ExactTarget rose to $25.11 at the close in New York. The Indianapolis-based company raised $161.5 million selling 8.5 million shares at $19 apiece yesterday, after planning to sell them for $15 to $17 each, according to data compiled by Bloomberg.